Old Port Advisors Buys 152 Shares of NXP Semiconductors (NASDAQ:NXPI)

Old Port Advisors lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,206 shares of the semiconductor provider’s stock after acquiring an additional 152 shares during the period. Old Port Advisors’ holdings in NXP Semiconductors were worth $325,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of NXP Semiconductors during the 1st quarter worth about $25,000. FinTrust Capital Advisors LLC boosted its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors during the 1st quarter worth about $30,000. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 71.2% during the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of NXP Semiconductors during the 1st quarter worth about $35,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several recent analyst reports. Truist Financial decreased their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group initiated coverage on NXP Semiconductors in a research note on Monday, May 13th. They set a “buy” rating and a $325.00 target price for the company. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the company from $265.00 to $325.00 in a research note on Friday, May 24th. Oppenheimer raised their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Activity at NXP Semiconductors

In related news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Southern bought 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI traded up $1.19 during mid-day trading on Friday, reaching $254.44. The company had a trading volume of 1,524,003 shares, compared to its average volume of 2,261,169. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The company’s 50-day moving average is $263.93 and its 200-day moving average is $252.92. The company has a market capitalization of $65.06 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.63 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm posted $3.04 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.59%. NXP Semiconductors’s dividend payout ratio is 37.40%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.